On Telegram, you can now buy 0.1 shares of Nvidia stock.

Let's start with a fact:
For most non-Americans, buying US stocks is an extremely complicated process.

We all know that US stocks have been the best-performing market globally over the past 30 years.

The S&P 500 averages 10% annually, the Nasdaq 100 averages 14% annually,
and in the past three years, the Nasdaq has surged over 80%.

However, 82% of US stocks are owned by Americans.
Foreign investors only hold 18%, and almost all of them are institutions.

For the 7 billion non-Americans,
buying a share of Nvidia involves account opening verification, offshore bank cards, foreign exchange controls, and wire transfer fees.

In other words, the vast majority of people worldwide are locked out of this wealth growth.

Not because they lack money, but because they lack access.

But a few days ago, nearly 100 million Telegram users discovered that they can directly buy Nvidia, Tesla, Apple within the chat app.

Within Telegram, you can deposit USDT directly, start with as little as $1, trade within 24 hours, and complete transactions with just a few taps—no different in experience from sending messages.

No passport verification, no bank account, no wire transfer, no T+2 settlement.

After some research, I found that the reason Telegram can facilitate US stock trading is quite simple: xStocks has launched on the TON blockchain.

Telegram is the first to embed stocks into the chat window, and the underlying logic is familiar blockchain concepts: on-chain issuance, oracle price feeds, multi-chain circulation, and DeFi composability.

I find this very interesting, not because of US stocks.

Mainly because the market is always expecting a "killer app" in the crypto space,

but have we ever thought that it might not be a new app at all?

Instead, it could be like xStocks, standing on the shoulders of a giant like Telegram.

Telegram is not trying to replace anything.
It simply added a wallet entry next to the chat window,
then connected to a public chain,
and now, US stocks can be bought.

Of course, tokenized stocks are not true equity—they lack voting rights, and regulatory attitudes vary across regions. Price anchoring, liquidity depth, and platform risk controls remain open questions.

Ten years ago, no one believed that smartphones could replace bank counters.
Five years ago, no one believed stablecoins could carry trillions of dollars in circulation.

Today, no one believes that chat apps can enable buying US stocks.
After all, every infrastructure in history started out as a toy in its early days.